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1 <br />2 <br />3 <br />4 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />1��5 <br />�'y <br />REQUEST FOR COUNCIL ACTION <br />Department Approval <br />Date: 4-21-14 <br />Item No.: 7.c <br />City Manager Approval <br />��..-��.�.�._ <br />Item Description: Authorize Purchase Agreement for Property Located at 2959 Hamline Avenue <br />BACKGROUND <br />A 3.32 acre parcel ofproperty located at 2959 Hamline Avenue adjacent to Autumn Grove Park is currently <br />owned by Independent School District No. 62L This property is identified in the Parks and Recreation <br />Renewal Program for acquisition. The ground has contamination issues and is currently being <br />monitored by the District. Staff has had ongoing discussion with the District regarding purchasing the <br />property. An appraisal was completed by the District in April of 2013. <br />In a June 10, 2013 closed meeting, the City Council reviewed the Districts appraisal and requested a <br />city appraisal. <br />In a September 23, 2013 closed meeting, the City Council received and discussed the city appraisal. <br />In a September 27, 2013 closed meeting, the City Council authorized staff to make an offer based upon <br />the estimated "As is" value as identified in the City appraisal. <br />18 In an April 14, 2014 closed meeting, the City Council agreed to enter into the enclosed purchase <br />19 agreement, including a"due diligence" period of 90 days, to purchase the property in an "As is" <br />20 condition at a cost of $415,000. <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />The City will need to engage an environmental consultant to wark on behalf of the City. The <br />environmental consultant would be retained on an hourly basis for an estimated total cost of $5,000. <br />It is anticipated that, for a period of time, there will be an annual cost of well monitoring and reporting <br />to the MPCA. <br />28 The expenses leading to closing, including the purchase of the property, would be paid for using the <br />29 identified funds in the Parks and Recreation Renewal Program Budget. A portion of this budget would <br />30 also be used to continue any annual monitoring and reporting to the extent necessary and to improve the <br />31 grounds to a recreationally usable state. <br />32 <br />33 The Mounds View School Board approved the agreement at their April 8th, 2014 meeting. <br />34 <br />35 <br />36 <br />Page 1 of 2 <br />